February 4, 2015

FY16 Budget Presentation

Cape Cod Tech Finance Committee

Anthony Tullio – Wellfleet (chair) Paul Sullivan – BrewsterAnn Williams – BarnstableStefan Galazzi – OrleansBuck Upson – Chatham

Fiscal YearBrewster

EnrollmentPercentage of Total

Enrollment

2010

45 6.5%

2011

39 5.8%

2012

42 6.4%

201342 6.4%

201439 6.0%

Brewster Students at Cape Cod Tech

FY15 Enrollment

Barnstable27.20%

Brewster6.03%

Chatham2.63%

Dennis11.90%

Eastham1.70%

Harwich11.28%

Mashpee9.58%

Orleans2.16%

Province-town0.62%

Truro0.31%

Wellfleet1.24%

Yarmouth25.19%

Falmouth**0.15%

*Enrollment as of 10/1/14

FY16 Enrollment by Town

Town FY15 FY14 Change

Barnstable 176 168 8

Brewster 39 42 -3

Chatham 17 21 -4

Dennis 77 85 -8

Eastham 11 13 -2

Harwich 73 73 0

Mashpee 62 57 5

Orleans 14 12 2

Provincetown 4 6 -2

Truro 2 3 -1

Wellfleet 8 6 2

Yarmouth 163 168 -5

TOTALS 646 654 -8

* (1) out-of-district student currently enrolled

Student Enrollment Trend

  2010 2011 2012 2013 2014 2015

  Students % Students % Students % Students % Students % Students %

Barnstable 193 28.20% 183 26.41% 171 25.60% 168 25.69% 168 25.69% 176 27.24%

Brewster 46 6.70% 45 6.49% 39 5.84% 42 6.42% 42 6.42% 39 6.04%

Chatham 16 2.30% 18 2.60% 19 2.84% 23 3.52% 21 3.21% 17 2.63%

Dennis 94 13.70% 98 14.14% 92 13.77% 93 14.22% 85 13.00% 77 11.92%

Eastham 9 1.30% 12 1.73% 17 2.54% 14 2.14% 13 1.99% 11 1.70%

Harwich 62 9.10% 68 9.81% 74 11.08% 85 13.00% 73 11.16% 73 11.30%

Mashpee 62 9.10% 67 9.67% 62 9.28% 55 8.41% 57 8.72% 62 9.60%

Orleans 16 2.30% 18 2.60% 19 2.84% 14 2.14% 12 1.83% 14 2.17%

Provincetown 3 0.40% 5 0.72% 5 0.75% 4 0.61% 6 0.92% 4 0.62%

Truro 4 0.60% 6 0.87% 5 0.75% 5 0.76% 3 0.46% 2 0.31%

Wellfleet 5 0.70% 6 0.87% 4 0.60% 4 0.61% 6 0.92% 8 1.24%

Yarmouth 174 25.40% 166 23.95% 161 24.10% 147 22.48% 168 25.69% 163 25.23%

  684 693 668 654 654 646

$14,532,300

4.49%

(2.67% without $250,000 transfer)

Five Year History

The FY16 Increase

Fiscal Year Budget

FY11 1.41%

FY12 2.56%

FY13 2.79%

FY14 2.79%

FY15 2.98%

Budget Categories FY16 Projected Cost

Insurances property, liability, health, dental unemployment, workers compensation and other fringe benefits $2,369,345 Snow Removal and Sanding $20,000

School Resource Officer $20,000

Equipment Maintenance $118,000

Capital Building Improvements $625,000

(21.7% of the total budget)

Costs Unique to a Regional School Budget

Capital Stabilization Fund

• Established in FY14• Proposed Budgeted Transfer in FY16; $250,000 • This transfer contributes 1.8% to the overall 4.49% increase over FY15

What is the Money Used For?

Building Leadership; 2.69%

Teacher's Salaries; 33.67%

Retirement; 2.94%

Insurance Benefits; 11.39%

Library; 0.64%

Retiree Benefits; 3.49%Educational Materials; 1.23%Guidance; 3.02%

Transportation; 5.41%

Support Services; 9.22%

Administration; 5.64%

General Insurance; 1.43%

Plant Operations; 11.14%

District-Wide Su-pervision; 2.23%

Capital Requirements; 5.88%

Department Budget % of Total

Building Leadership $ 390,748 2.69%

Teacher's Salaries $ 4,892,373 33.67%

Retirement $ 426,846 2.94%

Insurance Benefits $ 1,654,579 11.39%

Library $ 92,606 0.64%

Retiree Benefits $ 507,437 3.49%

Educational Materials $ 178,115 1.23%

Guidance $ 438,208 3.02%

Transportation $ 786,000 5.41%

Support Services $ 1,339,734 9.22%

Administration $ 819,691 5.64%

General Insurance $ 207,329 1.43%

Plant Operations $ 1,618,990 11.14%

District-Wide Supervision $ 324,644 2.23%

Capital Requirements $ 855,000 5.88%

$ 14,532,300.00

What is the Money Used For?

Why a 4.49% Increase

Category FY16 FY15 Change

%

FY14 FY13 FY12Change

Salaries 7,901,011 7,864,636 36,375.00 0.46% 7,708,355 7,234,110 7,319,975

Benefits 2,652,862 2,573,563 79,299.00 3.08% 2,396,730 2,404,760 2,419,356

Materials & Services 1,435,598 1,425,985 9,613.00 0.67% 1,409,701 1,581,968 1,220,694Transportation 786,000 676,000 110,000.00 16.27% 678,000 697,782 701,782

Utilities & Heating 694,500 507,000 187,500.00 36.98% 459,200 490,500 523,750

Insurance 207,329 231,116 -23,787.00 -10.29% 223,919 224,739 166,429

TOTAL OPERATING 13,278,300 13,278,300 399,000 3% 12,875,905 12,633,859 12,351,986

               Capital Budget 855,000 630,000 225,000 35.71% 630,000 652,824 519,342

               Total Operating & Capital 14,532,300 13,908,300 624,000 4.49% 13,505,905 13,286,683 12,871,328

What Does it Cost to Educate a Child Each Day?

FY15 FY16

$41.34 $42.01

$6.04 $6.15

$15.63 $16.06

$5.35 $7.34

$5.74 $6.75 $1.72 $1.53 $6.88 $7.04

$14.16 $15.68

$21.27 $22.24

Benefits

Plant Operation

Administration

Textbooks & Supplies

Transportation

Capital

Support & Extra Curr.

Principal's Office

Teaching

$118.13 $124.80

Budget Cost Drivers

Salaries54%

Benefits18%

Materials & Services10%

Transporta-tion5%

Utilities and Heat-

ing5%

Insurance1%

Building Improvement & Equipment6%

Salaries & Benefits account for 72% of the FY16 budget

Excess & Deficiency

Balance as of FY14

$572,121

Maximum Allowable - $695,415

(5% of FY15 Budget $13,908,300)

• On 1/14/15 Cape Cod Tech was voted into the Eligibility Period for a Capital Project with the Mass School Building Authority

• The Eligibility Period phase lasts up to 270 days concluding on or before 10/26/15

Eligibility Period & The MSBA

• Forming a School Building Committee• Completing an Educational Profile• Enrollment Projections• Maintenance and Capital Planning Report• Local Votes and Agreements

• Phase 2 – Feasibility & Schematic Design• Selection of OPM & Design Firm

The Next Steps